Jennison Associates LLC Has $21.62 Million Stake in TotalEnergies SE Sponsored ADR (NYSE:TTE)

Jennison Associates LLC grew its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 22.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 334,155 shares of the company's stock after purchasing an additional 60,710 shares during the period. Jennison Associates LLC's holdings in TotalEnergies were worth $21,617,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TTE. Bank of America Corp DE raised its holdings in shares of TotalEnergies by 121.1% during the 4th quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock worth $416,828,000 after acquiring an additional 4,189,652 shares during the period. Franklin Resources Inc. raised its stake in shares of TotalEnergies by 41.7% in the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock valued at $309,851,000 after acquiring an additional 1,672,387 shares during the period. Northern Trust Corp boosted its position in shares of TotalEnergies by 41.7% during the fourth quarter. Northern Trust Corp now owns 1,783,017 shares of the company's stock worth $97,174,000 after buying an additional 524,314 shares during the period. BNP Paribas Financial Markets increased its stake in TotalEnergies by 295.3% during the 4th quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company's stock worth $37,577,000 after buying an additional 515,088 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in TotalEnergies by 19.5% during the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock worth $157,309,000 after buying an additional 471,291 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTE has been the subject of several recent research reports. Sanford C. Bernstein upgraded TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Piper Sandler cut their price target on TotalEnergies from $68.00 to $66.00 and set a "neutral" rating for the company in a research note on Friday. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Finally, HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.45.

TotalEnergies Trading Down 0.3%

Shares of NYSE TTE traded down $0.18 during midday trading on Monday, reaching $61.52. 1,349,619 shares of the stock were exchanged, compared to its average volume of 1,667,907. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $70.50. The company has a market capitalization of $147.50 billion, a P/E ratio of 10.36, a P/E/G ratio of 1.24 and a beta of 0.57. The stock has a 50 day moving average price of $60.83 and a 200-day moving average price of $60.02. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The firm had revenue of $47.90 billion for the quarter, compared to analysts' expectations of $41.23 billion. TotalEnergies had a net margin of 6.60% and a return on equity of 14.47%. During the same period last year, the firm posted $2.14 EPS. Equities research analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, July 11th. Shareholders of record on Thursday, June 19th were paid a $0.7108 dividend. This represents a yield of 4.54%. The ex-dividend date was Wednesday, June 18th. TotalEnergies's payout ratio is 49.83%.

About TotalEnergies

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.